This chemical is primarily utilized in the field of pharmaceutical research and development, where it serves as a key intermediate in the synthesis of various biologically active compounds. Its structure is particularly valuable in the creation of molecules that target specific enzymes or receptors, making it a crucial component in the design of potential therapeutic agents. Additionally, it finds application in the synthesis of agrochemicals, contributing to the development of new pesticides or herbicides that enhance crop protection. Its versatility in organic synthesis also extends to material science, where it may be used in the preparation of advanced materials with specialized properties.